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SkyCity facing legal action and fines over alleged money laundering legislation breach

Author
Newstalk ZB,
Publish Date
Mon, 12 Feb 2024, 7:56PM
 (Photo / Getty Images)
(Photo / Getty Images)

SkyCity facing legal action and fines over alleged money laundering legislation breach

Author
Newstalk ZB,
Publish Date
Mon, 12 Feb 2024, 7:56PM

SkyCity could be forced to cough up millions for alleged breaches of legislation on money laundering.

The Department of Internal Affairs is accusing SkyCity of violating the Anti-Money Laundering and Countering Financing of Terrorism Act, after a company review.

NZ Herald property editor Anne Gibson says SkyCity will be more concerned about the hits to their reputation, over a prospective fine.

"This is quite damaging to them, it's not so much about the fine- if there is one."

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